Investors' Soapbox AM

Alcatel-Lucent China Pact, Slight Impact

The China Mobile deal is merely in line with sales expectations in the country.

March 31, 2014

Raymond James & Associates

The China Mobile announcement regarding Alcatel-Lucent's new one-year comprehensive frame agreement valued at up to 750 million euros/$1.04 billion comes as good news, but the degree of upside is uncertain; therefore, we hold a positive bias on sales, a negative bias on gross margin, and we opt to maintain estimates.

The announcement with China Mobile (ticker: CHL), the world's largest carrier...